takeover

Dutch-British consumer goods company Unilever wants to acquire the food branch of British company Reckitt Benckiser, though is facing competition from American company Hormel Foods, British newspaper Sunday Times reports based on anonymous sources.

The acquisition involves around 2.2 billion pounds, or 2.5 billion euros, according to the newspaper. Reckitt is known for French's Mustard, Frank's RedHot Sauce, Worcestershire sauce and brands like Calgon, Durex, Nurofen and Clearasil.

American paint company PPG Industries decided to withdraw its takeover bid for AkzoNobel. After a final attempt to get the Dutch company to accept the bid, PPG decided to give up, PPG CEO Michael McGarry said in a statement. "Akzo did not respond. We believe it's best for PPG and its shareholders to stop this attempt now", he said, AD reports.

Shareholders in Dutch paint company Akzo Nobel are calling for a board shakeup and for CEO Antony Burgmans to be removed after Akzo immediately rejected a takeover bid by American rival PPG Industries, Reuters reports. Elliott Investors, one of Akzo's largest investors, managed to get the necessary 10 percent investors support to call an extraordinary shareholders meeting to vote on removing Burgmans.

Vanderlande, based in Veghel in Brabant, builds logistic transport systems for warehouses, distribution centers and transportation centers. It is one of the world leaders in baggage conveyors at airports. The company employs 4,500 people worldwide, including 1,600 in the Netherlands. In 2015 Vanderlande had a turnover of almost one billion euros.

AkzoNobel rejected an unsolicited takeover bid from American company PPG Industries, the Dutch paint and chemicals company announced on Thursday morning after PPG's bid leaked to the media. According to AkzoNobel, the PPG offer is too low and not in the interest of shareholders, customers or staff, ANP reports.

PPG offered 54 euros in cash and 0.3 PPG shares for each AkzoNobel share. Using the PPG share price on February 28th, the bid amounted to 83 euros per AkzoNobel share. The Dutch company's stock closed at 64.52 euros per share on Wednesday.

Talpa is not giving up in the struggle to take over the Telegraaf Media Group (TMG), despite the supervisory board's decision to negotiate exclusively with rival Mediahuis about a takeover. On Wednesday morning, Talpa increased its bid to 6.35 euros per share, well above the 5.90 euros per share Mediahuis offered for TMG, Het Parool reports.

Delta Lloyd is being acquired by NN Group. The insurance companies came to an agreement on a takeover amount of 2.5 billion euros, the largest takeover in the Dutch insurance industry ever, the Volkskrant reports.

Dutch insurer Delta Lloyd decided to reject a 2.4 billion euro takeover offer made by rival NN Group, Reuters reports. According to Delta, the bid was too low at only 64 percent of the insurer's book value as of June 30th.

The court declared USG, parent company of Perry Sport and Aktiesport, bankrupt on Tuesday afternoon. Many parties are showing interest in taking over the two sporting goods chains. Dozens of potential buyers already made themselves known.

Pharmacy chain DA was officially declared bankrupt by the court in Amsterdam on Tuesday, but a takeover by the Nederlandse Drogisterij Service means that the pharmacy will not completely disappear. The takeover does come with some job losses however, union FNV stated on Tuesday based on a letter to the staff.

Beer brand Grolsch is officially up for sale, AB InBev and SABMiller announced on Thursday. The reason for the sale is to ease European regulatory' authorities concerns on competition considerations in the AB InBev - SABMiller merge.

Beer giants Anheuser-Busch InBev and SABMiller have reached an agreement in which AB InBev will take over rival SABMiller in a 71 billion pound deal, converts to slightly more than 100 billion euros. This deal will combine the world's two largest beer makers into a company that will produce about 30 percent of the world's beer.

Brewer Anheuser-Busch InBev has approached SABMiller with a takeover plan that would create a combined company with a market value about 250 billion dollars. This takeover would merge two of the largest beer brewers in the world.

Persgroep has put in an offer for the British media company Mecom, mother company of Wegener which publishes local papers such as De Stentor and the Eindhovense Dagblad, the companies announced on Monday.

The Foundation Preference Shares B of KPN says that they are concerned by the takeover attempt that América Móvil announced on Friday. According to the Foundation, which in theory can raise a protective wall around KPN, there is great uncertainty about the intentions of the Mexican company of Carlos Slim.